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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $170.68
- 2 Days on Market
- MLS # : T3287567
- Updated Date : 01/30/2021 at 19:26
CONSTRUCTION
- Beds : 3
- Floor Size : 1,245 sqft
- Baths : 2 full
Listing Agent
Century 21 Beggins Enterprises
Listing Agent's Description
Location, location! stop the car and take a look at this 3 bedrooms, 2 full bathrooms home with an amazing fenced in backyard with endless possibilities. Screened back lanai, extended exterior area with pavers for extra entertaining. No HOA or CDD! Newer appliances, granite counter tops, new luxury vinyl flooring throughout the home, open floor plan and a Florida room. Master bathroom features a new vanity as well. Set up your private showing and preview this great property! Agente Habla español.
SEE MORE
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
PRICE & RENT TRENDS
Neighborhood: 40th Street Corridor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: 40th Street Corridor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$738 |
| Property Tax | -$261 | |
| Property Insurance | -$108 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$54
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.
$212,500
PROJECTED PRICE
$1,290
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 8.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$62,063
LOAN DETAILS
$738
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,125 |
| Loan Amount | $159,375 |
7.42
YEARS SAVED
$19,218
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,289
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
7607 N 53rd St Tampa, FL 2
- 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,245 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $1,290
- $1.04
-
5310 Rainbow Dr Temple Terrace, FL 1
- 3 beds 1 baths ∙ 1,173 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,173 Sqft ∙ Built 1956
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,250
- $1.07
-
8607 N Orangeview Ave Tampa, FL 3
- 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1973
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,320
- $0.99
-
7105 Bonito St Tampa, FL 4
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1961
LEASED 02/26/20- Rent
- Rent Per SQFT
- $1,400
- $1.08
-
3720 E Idlewild Ave Tampa, FL 5
- 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1965
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,525
- $1.00
PROPERTY LISTING DETAILS
1.813.812.9456
Century 21 Beggins Enterprises
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3287567
Last Updated: 01/30/2021
